Abe's comments keep yen in bullish shape
London
THE US dollar hovered near a 17-month low against the yen on Wednesday after taking a fresh knock overnight on comments by Japan's prime minister that suggested Tokyo was cautious about reining in the yen's rise.
Expectations that minutes of its last meeting will show some US Federal Reserve officials more in favour of raising interest rates than chair Janet Yellen helped the US dollar gain around a third of a cent against the euro.
But the yen remained in bullish form, flat on the day against the US dollar at 110.34 yen and still within striki…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag